The word avionics is portmanteau of aviation and electronics. Avionics comprise electromechanical elements and electronic devices, which are used for the platform operation. They include equipment for communication; cockpit display; control, monitoring, and navigation systems; and other electromechanical systems.
Market Analysis and Insights: Global and United States Avionics Market
This report focuses on global and United States Avionics market, also covers the segmentation data of other regions in regional level and county level.
Due to the COVID-19 pandemic, the global Avionics market size is estimated to be worth US$ 60550 million in 2022 and is forecast to a readjusted size of US$ 71460 million by 2028 with a CAGR of 2.8% during the review period. Fully considering the economic change by this health crisis, by Type, Flight Control & Management System accounting for % of the Avionics global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Application, Commercial was the leading segment, accounting for over percent market share in 2021, and altered to an % CAGR throughout this forecast period.
Based on subsystem, the flight control & management system dominates the avionics market, in terms of market size, and is expected to continue its dominance over the next five years. This segment is also projected to grow at the highest CAGR during the forecast period. The key factor driving the growth of flight control & management system segment is increasing requirement of real-time flight plan information sharing.
Global Avionics Scope and Market Size
Avionics market is segmented by region (country), players, by Type and by Application. Players, stakeholders, and other participants in the global Avionics market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
For United States market, this report focuses on the Avionics market size by players, by Type and by Application, for the period 2017-2028. The key players include the global and local players, which play important roles in United States.
Segment by Type
Flight Control & Management System
Communication, Navigation & Surveillance Systems
Monitoring/Glass Cockpit
Electrical & Emergency Systems
Inflight Entertainment
Mission/Tactical System
Segment by Application
Commercial
Defense
UAV
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
By Company
Garmin
GE
Honeywell
Rockwell Collins
Thales
United Technologies
Teledyne Technologies
L3 Technologies
Curtiss-Wright
Meggitt
Cobham